Yokohama buoyed by strong Q2 performance

Written by Patrick Raleigh

Tokyo – Yokohama Rubber Co. Ltd has posted a 16.8% increase in operating income, to Yen18.4 billion (€143 million), on first-half, net sales of Yen310.8 billion – 15.9% higher than in the same period last year.

During the six months to 30 June, Yokohama said it benefited from domestic and overseas sales gains in its Tires segment and from sales gains in its high-pressure hoses business.

Other contributors included the performance of the automotive sealants operation within Yokohama’s MB (multiple business) segment, and from the first-time inclusion of Alliance…

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